7-Member Group of Ministers (GoM) constituted for boosting the Real Estate Sector under the GST regime by providing a Composition Scheme for Residential Construction Units among others
GST
Dated:- 16-1-2019
In pursuance of decision in the 32nd Meeting of GST Council held on 10th January, 2019 at New Delhi, a Group of Ministers (GoM) for boosting the Real Estate Sector under the GST regime has been constituted.
The 'GoM for boosting Real Estate Sector under the GST regime' shall consist of the following members:
Sl. No.
Name
Designation and State
1
Shri Nitin Patel
Hon'ble Deputy Chief Minister, Government of Gujarat
Convener
2
Shri Sudhir Mungantiwar
Hon'ble Finance Minister, Government of Maharashtra
Member
3
Sh
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to GoM in 32nd Meeting of GST Council held on 10th January, 2019;
(ii) Examine and suggest ways for Composition Scheme or any other Scheme, for boosting Real Estate Sector and suggest Scheme for Transition vis-a-vis introduction of suggested Scheme;
(iii) Examine various aspect of levy of GST on Transfer of Development Rights (TDR) and Development Rights in a joint Development Agreement and suitable model;
(iv) Examine legality of inclusion/exclusion of land or any other ingredient, in Composition and suggest Valuation Mechanism;
(v) Examine and suggest any other aspect relevant to boost Real Estate Sector, which may be brought to the notice of GoM.
(vi) The GoM for boosting Real Estate Sector under GST regime may invite officers from
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